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Cardano Ecosystem

Bitcoin Halving SHOCK! CARDANO Cycle Chart Reveals ADA Launchpad.

03/29/2024

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1.4K views


Crypto Capital Venture

In this video, I discuss the imminent Bitcoin halving and how its price might interact with this significant event, comparing the current situation with previous cycles to anticipate potential outcomes. I delve into the Bitcoin daily chart, examining short-term price action, and also explore ADA's performance, both in relation to Bitcoin and on its own, highlighting its current state and potential short-term price movements. I emphasize the unusual market activity where Bitcoin is breaking through significant resistance levels before the halving, a deviation from past cycles. Additionally, I dissect ADA's situation, referring to it as "peak fear season" and analyze its historical performance during similar phases in past cycles, suggesting possible future movements. I aim to provide insights based on data and patterns observed in past cycles, stressing the importance of focusing on data over market noise, and maintaining a watchful eye on key indicators and thresholds that could signal significant price movements for both Bitcoin and ADA as we approach the halving event.


See original video on YouTube

ORIGINAL SOURCE

https://www.youtube.com/watch?v=bscwQalR...

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